Sunday 20 June 2010

Tehran Stock Exchange eyes foreign investors, Iran Investment, Economy - Maktoob Business


Iran may be facing growing international isolation but the head of the Islamic state's stock exchange argues planned privatisations and low valuations could create attractive opportunities for foreign investors.

Less than two weeks after the U.N. Security Council imposed a fourth round of punitive measures on Iran over its nuclear programme, senior executives of the Tehran Stock Exchange (TSE) travelled to Dubai in a bid to lure new capital to the market.

Analysts say Iran needs foreign funds and expertise to help it modernise and expand its oil industry and other sectors, but that Western firms and others are becoming increasingly reluctant to invest there due to the long-running nuclear row.

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